Major flaw in debt-to-income limits flagged

The Finance Minister has admitted that the Government doesn’t know how proposed Debt-to-Income (DTI) limits would measure debt held overseas.

“Capping the funds so you can borrow to a ratio of your income would give a systematic advantage to those who can borrow offshore either personally or through family, because the New Zealand Government cannot possibly monitor financial transactions worldwide,” says ACT Leader David Seymour.

National leaves ACT alone in tax cut commitment

It’s hard to imagine the Government ever cutting taxes if it won’t do so now, says ACT Leader David Seymour following the Finance Minister’s select committee appearance today.

“Despite unexpectedly high surpluses, the Government still says it will only cut taxes ‘if fiscal conditions allow’.

ACT responds to Prime Minister’s statement

ACT Leader David Seymour has responded to the Prime Minister’s statement tabled in the House today, laying out ACT’s approach to the 2017 election.

“MMP is about coalitions. This election, voters will decide what coalition of parties lead the nation.

ACT congratulates Graeme Wheeler on his tenure

ACT has congratulated Graeme Wheeler on his tenure as Reserve Bank Governor.

“During his tenure Mr Wheeler has dealt with unprecedented challenges,” says ACT Leader Seymour.

“Globally, the decoupling of the usual connection between global money supply and inflation has challenged all central bankers.

“Domestically, a over-regulated housing market has put extreme pressure on the bank, leaving the Governor with few options.

PM open to ACT’s ‘Waitangi Tour’ suggestion

The Prime Minister says ACT’s proposal to attend a different Waitangi ceremony each year is worth investigating, a development welcomed by ACT Leader David Seymour.